sebi:Order/SS/MK/2022-23/24719

SEBI · SEBI · 2021-09-20 · Sunil Kumar Singh, Adjudicating Officer

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Facts / Headnote

Abated - adjudication proceedings abated on death of noticee; SCN disposed of without going into merits

Provisions invoked

• s. 15
• s. 19
• s. 15H

Regulations

• Reg. 4(1)
• Reg. 3(a)
• Reg. 26

Parties

• Late Sharda Agarwal

Holding

The adjudication proceedings initiated against Late Sharda Agarwal under section 15HA of the SEBI Act abate due to her death on May 08, 2021. The Show Cause Notice dated August 02, 2022 is disposed of without examination of the merits.

Full text

Adjudication Order in respect of Late Sharda Agarwal in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 3

Adjudication Order in respect of Late Sharda Agarwal in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 3

Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”). APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI initiated adjudication proceedings and appointed the undersigned as Adjudicating Officer under section 19 read with section 15-I(1) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) read with rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) vide order dated September 20, 2021 to inquire into and adjudge under section 15HA of the SEBI Act against the Noticee for the alleged violation of the aforesaid provisions of PFUTP Regulations, 2003. SHOW CAUSE NOTICE, REPLY AND HEARING

Source: SecMarx — sebi:Order/SS/MK/2022-23/24719. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.